10 Centavos 1942, Philippines

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Description

Watermark:

Flowerish pattern.

Avers:

Rosette, pattern.

Revers:

Rosette, pattern.

Comments:

During World War II in the Philippines, the occupying Japanese government-issued fiat currency in several denominations; this is known as the Japanese government-issued Philippine fiat peso (see also Japanese invasion money). The Second Philippine Republic under President José P. Laurel outlawed possession of guerrilla currency, and declared a monopoly on the issuance of money, so that anyone found to possess guerrilla notes could be arrested or even executed.